BGŻ Group. Presentation of H results. Warsaw, 13 August 2013
|
|
- Henry Lang
- 6 years ago
- Views:
Transcription
1 BGŻ Group Presentation of H results Warsaw, 13 August 2013
2 Disclaimer This presentation has been prepared by Bank Gospodarki Żywnościowej S.A., hereafter the Bank. The data contained within this presentation do not represent a complete or coherent analysis of the Bank s financial situation, and are solely for informational purposes of the clients, shareholders and analysts. This presentation should not be treated as an offer or invitation to purchase any securities or financial instruments issued by the Bank nor as an advice or recommendation in respect to securities or financial instruments issued by the Bank. This presentation may include forward looking statements, future plans, viewpoints, strategies or information on anticipated events. These statements are based on assumptions and cannot be treated as forecasts or as other assurances in respect to the Bank s future financial performance, due to the fact that they were based on expectations, projections and temporary data about future events. The Bank s expectations are based on present knowledge, experience and views of the Management Board and depend on many factors, which may cause that the actually achieved results will differ from statements contained in this document. The Bank does and will not undertake any obligation to update or disclose to the public any revisions to any forward-looking statements contained herein. The Bank, nor any of its representatives shall not be held responsible for any loss or damage that may arise from the use of this presentation or of any information contained herein or otherwise arising in connection to this Presentation. This presentation is not for the disclosure and distribution, to and within countries where such publication or dissemination may be prohibited under applicable law. 2
3 Executive summary Income pressure more than compensated by positive impairment and cost performance; further growth in client base Financials Clients Strategy Net profit for H1 13 increased by 109% y/y Total income decreased by 3% y/y in H1 13 due to NBP rate cuts and accounting changes Rebound of income in Q2 13 driven by trading and investing results and recovering NIM Expenses decreased y/y; cost restructuring paying off Loan portfolio grew by 3% y/y with reduced exposure in Large Caps and growth in focus segments, especially F&A Customer deposits grew by 11% y/y fuelled by the success of BGŻOptima Continued growth of client base in our focus segments: F&A +12% y/y, Retail +5% y/y and Optima +88% y/y (from 55k to 103k) Growth of retail sales in H1 2013: cash loans +42% y/y, personal accounts +19% y/y Execution of strategy well on track: F&A business growing faster than non-f&a (loan portfolio +9% y/y vs. -1% on average for other segments) Branch expansion finalized last branches opened in early Q BGŻOptima growth of volumes and clients on track (103k clients as at H1-end) Funding & Risk Comfortable liquidity situation Impairments significantly lower y/y but impact of economic slowdown still felt, especially in SME 3
4 Financial summary PLN million YTD Jun 2012 YTD Jun 2013 Change y/y Q Q Q Q Q Change q/q Total income % % Total expenses (500.1) (493.1) -1% (246.1) (249.7) (273.1) (254.9) (238.2) -7% Net impairment losses (156.1) (91.3) -41% (114.7) (72.0) (44.4) (32.8) (58.6) +79% Pre-tax profit % (1.8) % Net profit % (1.0) % ROE 2.9% 4.8% +1.8 pp (0.2%) 5.1% 6.2% 3.4% 6.1% +2.7 pp Cost / Income 70.4% 71.5% +1.1 pp 68.2% 67.0% 70.7% 78.2% 65.4% pp CAR 9.5% 11.9% +2.4 pp 9.5% 11.4% 11.8% 12.0% 11.9% -0.1 pp 4
5 Net interest income Net interest income and margin (PLN m) 2.9% % 2.5% % % % % 2.4% 2.5% % Net interest margin Net interest income YTD Jun 2012 YTD Jun 2013 NII under pressure from NBP interest rate cuts but in line with the market; NIM improved q/q due to deposit rate cuts; further improvement expected for Q3 13 Saving accounts affected in particular, as Payments Services Directive requirements slow down pricing reaction (2-months client notice period) Preferential loans hedged against the NBP rediscount rate multiplier effect (2/3 of the portfolio) Gradual optimisation of liquidity surplus and reduction of cash-in-hand 5
6 Loan growth Institutional loans, gross (PLN m, quarter-end) Retail loans, gross (PLN m, quarter-end) 17,512 1,362 2,636 4,142 18,542 1,480 2,743 4,199 +2% 18,419 1,557 2,628 4,209-2% 18,203 17,779 1,428 1,673 2,526 2,398 4,350 4,452 Overdraft loans to farmers Overdraft loans, excl. farmers Preferential loans 8,770 1,377 3,440 8,834 1,400 3,251 +6% 8,975 1,374 3,188 +2% 9,115 9,337 1,394 1,445 3,187 3,212 Other retail loans FX mortgages 9,372 10,120 10,026 9,899 9,256 Investment, operating and other loans 3,953 4,183 4,413 4,534 4,681 PLN mortgages Total loan portfolio growth slowed down to 3% y/y in Q2 13 from 9% y/y in Q1 13 F&A focus pays off through continued growth of the portfolio, supported by new quota for preferential loans received from ARMA agency for H (PLN 560m) Slowdown in institutional portfolio driven by slower credit demand due to weaker economy, hence a more selective approach to corporate lending, and some seasonal factors Focus on retail sales translated into rise of cash loans portfolio (+15% y/y) 6
7 88.2% 29,810 1,967 3,719 24,124 Funding mix Funding sources 88.3% 31,125 1,972 3,498 25, % +7% 32,353 1,853 3,558 26, % 32,572 2,121 3,534 26,916-2% (PLN m, quarter-end) 84.7% 32,032 1,880 3,474 26,678 Gross loans / Total funding* CDs Loans from banks Customer deposits Customer deposits 108.9% 24,124 1, ,554 14, % 25,654 2, ,711 14, % +11% 26,942 2,538 1, ,915 15, % 26,916 1,470 1, ,966 16, % 26,678 1,065 1, ,263 16,350 Customer deposits growth driven by BGŻ Optima with 48k clients added over the past year Focus on growth of current account balances (+17.5% y/y in retail) (PLN m, quarter-end) Good growth of SME and Micro deposits; part of deposits from non-bank financial institutions not rolled forward due to comfortable funding situation * Total funding = customer deposits + loans from banks + debt securities issued (CDs) -1% Gross loans / Customer deposits Non-bank financial Farmers Public sector Non-financial companies Retail (incl. BGŻ Optima) 7
8 Net fee and commission income Net fee and commission income by product type (PLN m) YTD Jun % (8.4) YTD Jun (3.2) (8.4) Net fee income affected by accounting changes with respect to recognition of fee income on credit insurance [PLN -8.4m reversal] and credit promises [estimated at PLN -1.5m]; excluding the impact of accounting changes, the decline of net fee income would have been stemmed -22% Further pressure from slowdown in lending, reduction of interchange fees Modification of conditions for bonus payments to holders of Konto z Premią translated into higher fee income from current accounts * Contains credit fees not accounted for using the effective interest rate method (i.e. mostly on overdrafts and annexes to credit contracts) -12% Other fee income Insurance Cards Accounts and payments Loans and guarantees* Insurance fee adjustments 8
9 Operating expenses General administrative expenses, depreciation and amortisation (PLN m) -1% -3% (500.1) (45.4) (493.1) (2.4) (49.3) (246.1) (249.7) -7% (273.1) (16.9) (254.9) (238.2) (25.0) (24.5) (23.3) (24.1) (2.4) (24.8) Restructuring provision (213.1) (198.0) (110.7) (96.4) (117.3) (99.9) (98.1) Depreciation & amortisation (241.6) (243.5) (112.1) (129.2) (114.0) (130.5) (113.0) Other administrative Personnel YTD Jun 2012 YTD Jun 2013 Cost restructuring programme paying off as HR and non-hr saving initiatives are being realised in line with the plan Partial reversal of bonus accruals Reduction of marketing spending, especially on deposit products 9
10 Focus on efficency after completion of investments Branch expansion completed (period-end) Staff restructuring underway (period-end) Subordinate branches 5, ,272 4, ,291 5, ,430 5, ,537 5, ,581-3% 5,588 1,000 1,531 5,520 1,001 1,496 New branches* Head Office Operating branches 3,824 3,288 3,135 3,112 3,162 3,056 3,023 Network excl. new branches ' new branches opened and 1 closed in Q No plans for further branch expansion Continued focus on branch performance and profitability * Opened in Cost restructuring: FTEs reduced by 236 as of June 2013 (mostly from H/O and regional centres) Non-FTE costs : 43 cost savings initiatives, of which 27 already completed Total annualised saving amounts to PLN 59m 10
11 Asset quality (NPL ratios) Total loans (quarter-end) Retail loans (quarter-end) 7.0% 6.4% 6.8% 6.2% 7.1% 6.3% 7.6% 7.9% After model changes Before model changes 6.7% 5.5% 4.7% 3.4% 6.8% 5.4% 4.9% 3.5% 6.6% 5.3% 4.9% 3.5% 7.0% 5.4% 6.8% 5.3% Retail loans - after model change Retail loans - before model change Mortgages - after model change Mortgages - before model change Institutional loans (quarter-end) Impaired portfolio (gross exposure, PLN m, quarter-end) 8.8% 8.6% 3.7% 3.2% 8.3% 8.1% 3.6% 3.1% 9.1% 8.5% 3.6% 3.2% 10.4% 3.2% 11.6% 3.4% Institutional excl. farmers - after model change Institutional excl. farmers - before model change Farmers - after model change Farmers - before model change Before change of the impairment model 1, ,013 1, ,022 1, ,049 1, ,123 2, ,250 2, ,295 Other retail loans Retail mortgages Loans to farmers Institutional loans excl. farmers Growth of impaired portfolio reflecting slowdown in the economy, mainly affecting institutional loans Better recovery rates in mortgages partially dampen the effect of rising NPLs on net impairment losses Model changes in Q4 12 led to higher NPL ratios but lower risk costs. NPL ratios before the model change showed by dotted lines Total market NPL ratio remains stable at 8%. BGŻ has better NPLs on institutional and consumer loans and worse on mortgages 11
12 Net impairment losses Net impairment losses by main portfolios* (PLN m) (127) (156.1) (102.0) (91.3) (21.9) (33.6) YTD Jun 2012 (84) (70) (85.6) (13.6) 5.7 YTD Jun 2013 (185) (114.7) (84.0) (11.8) (19.6) (112) (72.0) (55.3) (9.9) (8.7) Excl. impairment model related one-offs (118) (67) (44.4) (58.7) (7.5) 19.6 (79) (50) (32.8) (36.3) (5.9) 7.7 (90) (58.6) (49.2) (7.7) (2.0) Cost of credit risk in bp** Other Recoveries of bad debts written-off Institutional loans Other retail loans Mortgage loans Improvement in net impairment losses in Q1 13 driven by mortgage loans, cash loans and loans to farmers Impairments of institutional loans (excl. farmers) under pressure from adverse macroeconomic conditions (esp. SME) Q2 13 affected by incremental provisioning for, among others, the corporate construction sector client Extra positive effect from credit risk models (PLN 18.9m in Q1 13 vs. PLN 33m in Q4 12); mostly on mortgages and cash loans * Split by segments according to BGŻ management information, includes loans serviced by the workout centre ** Calculated as net impairment losses divided by average balance sheet value of the total loan portfolio (annualised basis) 12
13 Capital adequacy ratio Capital funds, requirements and CAR (PLN m, quarter-end) 11.4% 11.8% 12.0% 11.9% Tier 1 capital increase from majority shareholder 9.5% 2,508 2,107 3, ,185 3,177 2,155 3,253 2,172 3,186 2,138 Total capital requirement Capital for CAR CAR Stabilisation of CAR given flat loan growth All 2012 net profit retained for the capital CHF 90m Tier2 capital provided by Rabobank, pending approval by the Polish FSA; once approved the CAR ratio grows to c.a. 13% 13
14 Business highlights 14
15 Food & Agri focus F&A loan portfolio (PLN bn, quarter-end) BGŻ market share in farmer volumes (quarter-end) Rest of portfolio F&A growth % y/y +29% y/y % y/y +15% y/y % y/y +9% y/y Loans Deposits Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Other Trade of food, crops, plants and livestock Food processing Farming* Q4'10 Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Q2'13 Performance on farmer insurance (PLN m, quarterly ) Number of F&A clients (in thousands) Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Q2'13 * Incl. individual farmers and companies in agricultural business Other insurance premiums Crop insurance premiums Fee income (separate scale) '10 12'11 12'12 6'13 Large SME Micro 15
16 0.4% 0.6% 0.7% 1.0% 1.1% 1.2% 1.9% 2.0% 2.0% 1.9% 1.8% 1.8% 2.2% 2.4% 2.4% 2.9% 3.1% 3.0% 3.1% 3.3% 3.3% Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Turnaround in retail business Cash loans sales (PLN m, quarterly) Personal accounts sales (in thousands, quarterly) Other personal accounts Konto z Premią Konto Bardzo Osobiste Total number of retail clients (in thousands, month-end) BGŻ shares in retail market (in volumes) 1,050 1, ,014 12'11 12'12 6' '10 3'11 6'11 9'11 12'11 3'12 6'12 9'12 12'12 3'13 6'13 16
17 Awards in 2013 BGŻ reached 5th place in the "Najlepsze banki w Polsce (Best Banks in Poland) ranking, prepared by the research company Expandi on behalf of the Polish portal Wirtualna Polska. The report was based on Internet users opinions on the products and services offered by major banks in Poland gathered during the course of 12 months. Bank BGŻ personal account "Konto z Premią won for the third time in a row the ranking on all types of personal accounts. The ranking is prepared by Money.pl a financial portal. Experts have analyzed 110 personal accounts in 30 banks, the evaluation had over 41 different criteria. Bank BGZ won in the 9th edition of the Client and Laur Konsumenta (Consumers Laurel) award for SME Loans. Thus, BGZ for the third time in a row was considered as most popular/recommended brand in its peer group. During the 14th edition of the Bank Przyjazny dla Przedsiębiorców (Enterpreneur Friendly Bank), the Bank received a honorary mention along with promotional emblem with six golden stars. This was granted in favour of SMEs, along with the extensive offer of high quality customer services for the SME sector. 17
18 Financial appendices 18
19 Consolidated income statement PLN thousands Year-to-date basis Quarterly basis Consolidated income statement 30/06/ /06/ /06/ /03/ /12/ /09/ /06/ /03/2012 Interest income 1,024,100 1,033, , , , , , ,366 Interest expense (542,528) (531,348) (244,634) (297,894) (316,192) (287,571) (270,787) (260,561) Net interest income 481, , , , , , , ,805 - Fee and commission income 157, ,133 76,231 81,378 84,417 91,794 91,302 82,831 Fee and commission expense (27,509) (25,951) (15,460) (12,049) (13,730) (14,486) (13,729) (12,222) Net fee and commission income 130, ,182 60,771 69,329 70,687 77,308 77,573 70,609 Dividend income 2,837 3,396 2, ,396 - Net trading income 48,751 39,992 31,638 17,113 30,235 28,340 11,213 28,779 Result on investing activities 20,613 17,545 20,613-25,792 (8) 9,930 7,615 Result on hedge accounting (1,099) - 99 (1,198) 100 1, Other operating income 16,026 17,063 10,125 5,901 12,679 8,500 7,763 9,300 Net impairment losses on financial (91,323) (156,068) (58,567) (32,756) (44,357) (71,973) (114,708) (41,360) assets and contingent liabilities General administrative expenses (443,892) (454,672) (213,449) (230,443) (248,104) (225,610) (222,777) (231,895) Depreciation and amortization (49,257) (45,425) (24,782) (24,475) (25,016) (24,077) (23,296) (22,129) Other operating expenses (8,848) (17,787) (4,604) (4,244) (9,567) (5,396) (6,556) (11,231) Operating result 105,480 54,487 67,218 38,262 68,984 50,809 (7) 54,494 Share in profit (loss) of associates (1,314) (892) (1,165) (149) (519) 1,095 (1,778) 886 Profit (loss) before income tax 104,166 53,595 66,053 38,113 68,465 51,904 (1,785) 55,380 Income tax expense (21,634) (14,139) (13,065) (8,569) (16,074) (13,702) 762 (14,901) Net profit (loss) for the period 82,532 39,456 52,988 29,544 52,391 38,202 (1,023) 40,479 19
20 Consolidated assets PLN thousands Consolidated statement of financial position new presentation* previous presentation 30/06/ /12/ /03/ /12/ /09// /06/ /03/ /12/2011 ASSETS Cash and balances with the Central Bank 1,347,978 2,106,657 1,465,748 2,106,657 1,583,499 1,502,744 1,548,602 1,383,321 Loans and advances to banks 238, ,035 68, , , , , ,071 Reverse repo transactions 249, ,369 2,332, ,369 1,019, , , ,343 Debt securities held for trading 1,021, ,051 1,606, , ,364 2,262,776 2,470,411 1,632,434 Derivative financial instruments 322, , , , , , , ,109 Hedging instruments 36,668 69, Loans and advances to customers 25,968,836 26,323,700 26,221,221 26,323,700 26,320,067 25,270,400 24,209,279 24,222,391 Available for sale financial assets 6,535,385 6,867,557 7,717,236 6,867,557 4,733,320 3,663,762 4,174,221 3,624,750 Other debt securities Investment property 62,301 62,301 62,301 62,301 63,401 63,401 63,401 63,401 Investments in associates 44,816 46,139 45,981 46,139 46,658 45,563 47,341 46,245 Intangible assets 148, , , , , , , ,443 Property, plant and equipment 456, , , , , , , ,943 Deferred tax assets 131, , , , , , , ,794 Current tax assets - 10,318 10,318 10,318 22,273 46,242 4,802 - Other assets 137, , , , , , , ,968 TOTAL ASSETS 36,701,973 37,246,734 40,844,244 37,196,663 36,258,770 35,069,762 34,731,747 33,407,213 * New presentation since the consolidated report for H For details see the respective explanatory note to the financial statements. 20
21 Consolidated liabilities and capital PLN thousands Consolidated statement of financial position new presentation* previous presentation 30/06/ /12/ /03/ /12/ /09/ /06/ /03/ /12/2011 LIABILITIES Amounts due to banks 3,652,564 4,094,436 3,997,661 4,094,436 3,706,266 4,050,991 3,963,697 4,446,716 Repo transactions 224,639 32,341 3,567, , ,416 1,393,391 1,554,218 - Financial liabilities held for trading 93,374 72,005 Derivative financial instruments 278, ,215 Amounts due to customers 26,677,885 26,941,971 26,916,236 26,941,971 25,654,452 24,123,812 23,397,656 22,941,652 Debt securities issued 1,880,228 1,852,931 2,121,082 1,852,931 1,972,127 1,967,408 2,129,784 2,033,267 Other liabilities 369, , , , , , , ,952 Deferred tax liabilities 9,510 9,510 9,510 9,510 9,719 9,719 9,719 9,719 Provisions 54,293 65,501 39,165 51,094 45,277 42,959 44,610 41,926 Liabilities arising from employee benefits ,071 26,969 27,388 29,032 29,222 25,412 TOTAL LIABILITIES 33,241,164 33,774,117 37,369,539 33,724,046 32,939,384 32,343,856 32,030,021 30,769,351 EQUITY 371, , , , , ,707 Share capital 51,137 51,137 51,137 51,137 51,137 43,137 43,137 43,137 Other supplementary capital 3,085,059 2,950,716 2,950,716 2,950,716 2,950,716 2,458,716 2,332,656 2,332,656 Other reserve capital 235, , , , , , , ,645 Retained earnings 88, , , ,413 88,022 49, , ,424 - retained profit 6,387 10,364 10,364 10,364 10,364 10,364 8,327 8,327 - net profit for the period 82, , , ,049 77,658 39, , ,097 TOTAL EQUITY 3,460,809 3,472,617 3,474,705 3,472,617 3,319,386 2,725,906 2,701,726 2,637,862 TOTAL LIABILITIES AND EQUITY 36,701,973 37,246,734 40,844,244 37,196,663 36,258,770 35,069,762 34,731,747 33,407,213 * New presentation since the consolidated report for H For details see the respective explanatory note to the financial statements. 21
22 Contact details for BGŻ Investor Relations Łukasz Urbaniak, Executive Director phone: Tadeusz Pawlak, Management Board Bureau phone: WWW: Bank Gospodarki Żywnościowej Spółka Akcyjna z siedzibą w Warszawie (01-211) przy ul. Kasprzaka 10/16, zarejestrowany w rejestrze przedsiębiorców Krajowego Rejestru Sądowego przez Sąd Rejonowy dla m. st. Warszawy, XII Wydział Gospodarczy Krajowego Rejestru Sądowego pod nr KRS , Posiadający NIP oraz kapitał zakładowy w wysokości zł w całości wpłacony.
BGŻ Group. Presentation of Q1-Q results. Warsaw, 13 November 2013
BGŻ Group Presentation of Q1-Q3 2013 results Warsaw, 13 November 2013 Disclaimer This presentation has been prepared by Bank Gospodarki Żywnościowej S.A., hereafter the Bank. The data contained within
More informationBGŻ Group. Presentation of H results. Warsaw, August 13, 2014
BGŻ Group Presentation of H1 2014 results Warsaw, August 13, 2014 Disclaimer This presentation has been prepared by Bank Gospodarki Żywnościowej S.A., hereafter the Bank. The data contained within this
More informationBGŻ Group. Presentation of Q results. Warsaw, November 7th, 2014
BGŻ Group Presentation of Q3 2014 results Warsaw, November 7th, 2014 Disclaimer This presentation has been prepared by Bank Gospodarki Żywnościowej S.A., hereafter the Bank. The data contained within this
More informationBGŻ Group. Presentation of 2014 results. Warsaw, March 5th, 2015
BGŻ Group Presentation of 2014 results Warsaw, March 5th, 2015 Disclaimer This presentation has been prepared by Bank Gospodarki Żywnościowej S.A., hereafter the Bank. The data contained within this presentation
More informationBANK BGŻ BNP PARIBAS GROUP PRESENTATION OF 1H 2017 RESULTS
BANK BGŻ BNP PARIBAS GROUP PRESENTATION OF 1H 2017 RESULTS Warsaw, 31 August 2017 1 Disclaimer This presentation does not constitute an offer or solicitation of an offer and under no circumstances shall
More informationBANK BGŻ BNP PARIBAS GROUP
BANK BGŻ BNP PARIBAS GROUP PRESENTATION OF RESULTS FOR 3 QUARTERS OF 2017 Warsaw, 9 November 2017 1 Disclaimer This presentation does not constitute an offer or solicitation of an offer and under no circumstances
More informationBANK BGŻ BNP PARIBAS S.A. GROUP
BANK BGŻ BNP PARIBAS S.A. GROUP PRESENTATION OF FIRST QUARTER 2018 FINANCIAL RESULTS Warsaw, 17 May 2018 Results 1Q 2018 1 I II III IV V VI Essential facts & information Macroeconomic situation Financial
More informationBANK BGŻ BNP PARIBAS S.A. GROUP
BANK BGŻ BNP PARIBAS S.A. GROUP PRESENTATION OF FY 2017 FINANCIAL RESULTS Warsaw, 14 March 2018 Results 2017 1 I II III IV V VI Essential facts & information Macroeconomic situation Financial results of
More informationInformation about the activity of Bank Millennium Capital Group during 3 quarters of 2015
PRESS RELEASE page: 1 Warszawa, 23 October 2015 Information about the activity of Bank Millennium Capital Group during 3 quarters of 2015 (Warszawa, 23.10.2015 r.) Bank Millennium Group (the Group ) consolidated
More informationBZWBK Group. Results 1Q12. April 26 th, 2012
BZWBK Group Results 1Q12 April 26 th, 2012 2 This presentation as regards the forward looking statements is exclusively informational in nature and cannot be treated as an offering or recommendation to
More informationALIOR BANK S.A. Q3 17 RESULTS PRESENTATION. 9 November 2017
ALIOR BANK S.A. Q3 17 RESULTS PRESENTATION 9 November 2017 AGENDA Key Highlights Strategic KPIs BPH Core integration costs and merger synergies Additional information on the strategy implementation plan
More informationBZWBK Group. Results 1H12. July 26 th, 2012
1 BZWBK Group Results 1H12 July 26 th, 2012 2 This presentation as regards the forward looking statements is exclusively informational in nature and cannot be treated as an offering or recommendation to
More informationBank Millennium Group. Presentation of 3rd Quarter 2011 Results. 21st October 2011
Bank Millennium 1 Half 2011 results Bank Millennium Group Presentation of 3rd Quarter 2011 Results 21st October 2011 Disclaimer This presentation (the Presentation ) has been prepared by Bank Millennium
More informationBank Millennium Group
Bank Millennium 1 Half 2011 results Bank Millennium Group Results of 1st Quarter 2013 Bank Millennium distinguished for quality of service 25 th April 2013 Disclaimer This presentation (the Presentation
More informationING Bank Śląski S.A. Financial and Business Results for Q Warsaw, 9 March 2018
ING Bank Śląski S.A. Financial and Business Results for Q4 2017 Warsaw, 9 March 2018 Table of contents 1. Introduction to financial results and the Bank s market position 2. Perspectives for 2018 3. Business
More informationGETINNOBLEBANKGROUP FINANCIAL RESULTS FOR THE FIRST THREE QUARTERS OF2013. Presentation of non-audited financial results for investors and analysts
GETINNOBLEBANKGROUP FINANCIAL RESULTS FOR THE FIRST THREE QUARTERS OF2013 Presentation of non-audited financial results for investors and analysts Warsaw, November 15 th, 2013 GETIN NOBLE BANK Effective
More informationBANK PEKAO SA. Delivering sustainable profitability on the back of scale and market leadership
BANK PEKAO SA Delivering sustainable profitability on the back of scale and market leadership Bank of America Merrill Lynch Banking & Insurance CEO Conference London, 26.09.2012 DISCLAIMER This presentation
More informationBANK BGŻ BNP PARIBAS S.A. GROUP
BANK BGŻ BNP PARIBAS S.A. GROUP PRESENTATION OF THE 3 QUARTERS OF 2018 FINANCIAL RESULTS Warszawa, 15 November 2018 Results 3Q 2018 1 I II III IV V VI Essential facts & information Macroeconomic situation
More informationMANAGEMENT BOARD S REPORT ON THE ACTIVITIES OF BANK GOSPODARKI ŻYWNOŚCIOWEJ S.A. FOR 2013
MANAGEMENT BOARD S REPORT ON THE ACTIVITIES OF BANK GOSPODARKI ŻYWNOŚCIOWEJ S.A. FOR 2013 Warsaw, 3 March 2014 TABLE OF CONTENTS 1. EXTERNAL CONDITIONS FOR THE FUNCTIONING OF BGŻ S.A.... 3 1.1. MACROECONOMIC
More informationALIOR BANK S.A. Q1 17 results presentation
ALIOR BANK S.A. Q1 17 results presentation May 9, 2017 1 AGENDA 1 Highlights 2 Operational Performance 3 Outlook 4 Appendix 2 HIGHLIGHTS Strong underlying business performance. Revenues up by 50% (yoy).
More informationConsolidated financial results for 3Q 2017
Consolidated financial results for 3Q 2017 November 14 th, 2017 www.citihandlowy.pl Bank Handlowy w Warszawie S.A. 3Q 2017 Summary Positive trends continued: Build-up of client assets in Retail Banking
More informationING Bank Śląski S.A. 3Q 2011 Financial Results ING BANK ŚLĄSKI. Warsaw 3 November
ING Bank Śląski S.A. Warsaw 3 November 2011 www.ingbank.pl ING BANK ŚLĄSKI Disclaimer ING Bank Śląski S.A. Annual Accounts are prepared in accordance with International Financial Reporting Standards as
More informationALIOR BANK S.A. 1H 2018 RESULTS PRESENTATION. 9 August 2018
ALIOR BANK S.A. 1H 2018 RESULTS PRESENTATION 9 August 2018 AGENDA KEY HIGHLIGHTS OPERATIONAL PERFORMANCE 2018 GUIDANCE APPENDIX 2 KEY HIGHLIGHTS (1/3) Q2 18 net profit above market expectations PLN 196
More informationALIOR BANK S.A. Q results presentation
ALIOR BANK S.A. Q3 2016 results presentation November 9, 2016 1 AGENDA 1 Highlights 2 Alior / BPH core merger 3 Operational Performance 4 T-Mobile update 5 Outlook 6 Appendix 2 HIGHLIGHTS Profitability
More informationRe.: Systemic harmonisation with CSDR requirements Phase 1 (2017 spring implementation window)
SCP /ZW/2/2017 CCP/ZW/53/2017 Warsaw, 20 January 2017 KDPW Participants KDPW_CCP Participants (organised trade & OTC) Re.: Systemic harmonisation with CSDR requirements Phase 1 (2017 spring implementation
More informationPRESENTATION OF FINANCIAL RESULTS FOR INVESTORS AND ANALYSTS SEPTEMBER 8 th, 2017
PRESENTATION OF FINANCIAL RESULTS FOR INVESTORS AND ANALYSTS SEPTEMBER 8 th, 2017 AGENDA 1. Summary 2. Key financials and business highlights 3. Appendix 2Q 2017 HIGHLIGHTS (1/2) The Polish Financial Supervision
More information31 October Poland. 9M'18 Earnings Presentation
31 October 2018 Poland 9M'18 Earnings Presentation Disclaimer Banco Santander. S.A. ("Santander") and Banco Bank Zachodni WBK. S.A. ( BZ WBK ) caution that this presentation contains statements that constitute
More informationALIOR BANK S.A results presentation
ALIOR BANK S.A. 2016 results presentation March 9, 2017 1 AGENDA 1 Highlights 2 Operational Performance 3 Outlook 4 Appendix 2 HIGHLIGHTS Alior performance and merger progress on track, both provide solid
More informationBank BPH FY 2015 Earnings
Bank BPH FY 2015 Earnings Conference & webcast 22 March 2016 1 Overview of FY 2015 In PLN Goodwill Following receipt of confirmation from the majority shareholders of Bank BPH from GE Group, that any potential
More information3Q 2012 Earnings. 14 November 2012 Strong Quarter Underlying Performance on Track 1
3Q 2012 Earnings Strong Quarter Underlying Performance on Track 14 November 2012 14 November 2012 Strong Quarter Underlying Performance on Track 1 Disclaimer This presentation does not constitute or form
More informationING Bank Śląski S.A. 2Q/1H 2011 Financial Results ING BANK ŚLĄSKI. Warsaw 4 August
ING Bank Śląski S.A. Warsaw 4 August 2011 www.ingbank.pl ING BANK ŚLĄSKI Disclaimer ING Bank Śląski S.A. Annual Accounts are prepared in accordance with International Financial Reporting Standards as adopted
More informationBank Millennium 4Q and Full Year 2010 Results
Bank Millennium 4Q and Full Year 2010 Results Turnaround completed, setting eyes on stronger growth 1 February 2011 Disclaimer This presentation (the Presentation ) has been prepared by Bank Millennium
More informationThe Alior Bank S.A. Group. Report on the consolidated financial statements for the financial year ended 31 December 2015
Report on the consolidated financial statements for the financial year ended 31 December 2015 Registered Auditor s Report on the consolidated financial statements For the financial year ended 31 December
More informationBank Millennium Group
Bank Millennium 1 Half 2011 results Bank Millennium Group Results of 2011 Financial Year General Shareholders Meeting Bank Millennium S.A. 20 April 2012 Disclaimer This presentation (the Presentation )
More informationALIOR BANK S.A. NDR presentation Q November 15, 2013
ALIOR BANK S.A. NDR presentation Q3 213 November 15, 213 Q3 213 HIGHLIGHTS Bancassurance accounting impact Change in methodology Adopted most conservative approach 39 M by EOY 212 and 15 M in 213 YTD Capital
More informationConsolidated and Separate Financial Statements of the Nordea Bank Polska S.A. Group The third quarter of 2006
Consolidated and Separate Financial Statements of the Nordea Bank Polska S.A. Group The third quarter of 2006 SELECTED FINANCIAL FIGURES keur 3 quarter(s) 3 quarter(s) 3 quarter(s) 3 quarter(s) incrementally
More informationINTERIM FINANCIAL STATEMENTS OF THE POWSZECHNA KASA OSZCZĘDNOŚCI BANK POLSKI SPÓŁKA AKCYJNA GROUP FOR THE THIRD QUARTER OF 2009
PKO BANK POLSKI SPÓŁKA AKCYJNA INTERIM FINANCIAL STATEMENTS OF THE POWSZECHNA KASA OSZCZĘDNOŚCI BANK POLSKI SPÓŁKA AKCYJNA GROUP FOR THE THIRD QUARTER OF 2009 Prepared in accordance with International
More informationBank Handlowy w Warszawie S.A.
Bank Handlowy w Warszawie S.A. Consolidated financial results for 1Q 2018 May 11 2018 www.citihandlowy.pl Bank Handlowy w Warszawie S.A. 1Q 2018 summary Robust beginning of the year Strong net profit increase:
More informationPress Release Reuters>bcp.Is Exchange>MCP Bloomberg>bcp pl ISIN PTBCP0AM00007
27 April 2011 Activity of Bank Millennium (Poland) on the 1 st quarter of 2011 Banco Comercial Português hereby informs that Bank Millennium in Poland, in which it has 65.5% participation and whose accounts
More informationInformation about the activity of Bank Millennium Capital Group during 1 half of 2015
PRESS RELEASE page: 1 Warszawa, 27 July 2015 Information about the activity of Bank Millennium Capital Group during 1 half of 2015 (Warszawa, 27.07.2015 r.) Consolidated net profit of Bank Millennium Group
More informationInterim Financial Statements of Nordea Bank Polska S.A. 2nd quarter of 2007
Interim Financial Statements of Nordea Bank Polska S.A. 2nd quarter of 2007 Selected financials In thousand of PLN In thousand of EUR period period period period from from from from 01/01/2007 to 01/01/2006
More informationBank Handlowy w Warszawie S.A. Preliminary consolidated financial results for 2017
Bank Handlowy w Warszawie S.A. Preliminary consolidated financial results for 2017 February 14th, 2018 www.citihandlowy.pl Bank Handlowy w Warszawie S.A. 2017 Summary Increasing profit on customer business
More informationING Bank Śląski S.A. Business and Financial Results for Q Warsaw, 2 November 2017
ING Bank Śląski S.A. Business and Financial Results for Q3 2017 Warsaw, 2 November 2017 Investor Information ING Bank Śląski S.A. develops the financial statements under the International Accounting Standards
More informationConsolidated financial results for 2Q 2018
August 23 2018 Bank Handlowy w Warszawie S.A. Consolidated financial results for 2Q 2018 www.citihandlowy.pl Bank Handlowy w Warszawie S.A. 1 2Q 2018 summary Financial results Net profit with double-digit
More informationBANK HANDLOWY W WARSZAWIE S.A. 4Q 2011 consolidated financial results. February 2012
BANK HANDLOWY W WARSZAWIE S.A. 4Q 2011 consolidated financial results February 2012 Fourth quarter of 2011 summary Financial results Net profit Revenues Operating margin 21% QoQ 4% QoQ 7% QoQ Volumes Corporate
More informationBank Millennium Group
Bank Millennium 1 Half 2011 results Bank Millennium Group 2013: a good year in challenging enviroment No 1 in Poland 3 rd February 2014 Disclaimer This presentation (the Presentation ) has been prepared
More informationSYSTEM IN THE BANK BGŻ BNP PARIBAS S.A.
REPORT ON THE APPROVAL OF THE APPRAISAL REPORT OF THE SUPERVISORY BOARD ON THE FINANCIAL STATEMENTS OF INCLUDING THE BROKERAGE HOUSE, MANAGEMENT BOARD REPORT ON THE BANK S ACTIVITY, INCLUDING THE BROKERAGE
More informationBank Millennium Group
Bank Millennium Group Bank Millennium Strategy, Summary of L series share issue and Presentation for 2009 results Bank Millennium s General Shareholders Meeting 22 April 2010 Disclaimer This presentation
More informationSELECTED FINANCIAL DATA
TTRATNSLATION 1 IINTERI IM CONDENSED CONSOLIDATED FINANCI IAL STATEMENTS OF THE CAPITAL GROUP OF BANK HANDLOWY W WARSZAWIE S..A.. FOR THE FIRST QUARTER 2014 MAY 2014 PLN 000 EUR 000*** SELECTED FINANCIAL
More informationInformation about the activity of Bank Millennium Capital Group during 1st quarter of 2014
PRESS RELEASE page: 1 Warszawa, 28 April 2014 Information about the activity of Bank Millennium Capital Group during 1st quarter of 2014 (Warszawa, 28 April 2014) Bank Millennium Group (the Group ) consolidated
More information26 October 2017 POLAND. January September 2017
26 October 2017 POLAND January September 2017 Disclaimer Banco Santander, S.A. ("Santander") and Banco Bank Zachodni WBK, S.A. ( BZ WBK ) caution that this presentation contains statements that constitute
More information24 April Poland. Q1'18 Earnings Presentation
24 April 2018 Poland Q1'18 Earnings Presentation Disclaimer Banco Santander. S.A. ("Santander") and Banco Bank Zachodni WBK. S.A. ( BZ WBK ) caution that this presentation contains statements that constitute
More informationALIOR BANK S.A EOY results presentation
ALIOR BANK S.A. 2013 EOY results presentation March 6, 2014 AGENDA Highlights Regulatory Update Capital Increase Operational Performance Strategic Initiatives Outlook Appendix 2 AGENDA Highlights Regulatory
More informationFINANCIAL RESULTS 1Q 2013 Better resilience, exceptional potential
FINANCIAL RESULTS 1Q 2013 Better resilience, exceptional potential Warsaw, 10.05.2013 DISCLAIMER This presentation (the Presentation ) has been prepared by Bank Polska Kasa Opieki Spółka Akcyjna ( Bank
More informationALIOR BANK S.A. 1H 17 RESULTS PRESENTATION. August 10, 2017
ALIOR BANK S.A. 1H 17 RESULTS PRESENTATION August 10, 2017 1 AGENDA 1. New Management Introduction & Key Highlights 2. Operational Performance 3. Appendix 2 1. NEW MANAGEMENT INTRODUCTION & KEY HIGHLIGHTS
More informationGrupa Azoty S.A. Group
Opinion and Report of the Independent Auditor Financial Year ended 31 December 2016 2017 KPMG Audyt Sp. z o.o., a Polish limited liability company and a member firm of the KPMG network of independent member
More informationSELECTED FINANCIAL DATA
SELECTED FINANCIAL DATA Selected financial data relating to the consolidated financial statement of Toya Group in Wrocław PLN thousands EUR thousands period from 1.01.2015 to 31.12.2015 period from 1.01.2014
More informationIdea Bank S.A. Group Results Q r.
Idea Bank S.A. Group Results Q1 2017 r. Presentation of the Management Board for Investors 24 April 2017 Q1 2017 Fact Sheet PLN 60,2 m adjusted net profit in Q1 2017 The net result adjusted by resolution
More informationRe.: Modifications in KDPW and KDPW_CCP IT systems scheduled in 2017
SCP/ZW/12/2016 CCP/ZW/609/2016 Warsaw, 30 September 2016 KDPW Participants KDPW_CCP Participants Re.: Modifications in KDPW and KDPW_CCP IT systems scheduled in 2017 Dear Sir or Madam, Below please find
More informationOPINION OF THE INDEPENDENT AUDITOR
KPMG Audyt Sp. z o.o. Biuro w Poznaniu ul. Roosevelta 18 60-829 Poznań Poland Telefon +48 (61) 845 46 00 Fax +48 (61) 845 46 01 Email poznan@kpmg.pl Internet www.kpmg.pl This document is a free translation
More informationCONSOLIDATED INTERIM REPORT OF THE CAPITAL GROUP OF BANK BGŻ BNP PARIBAS S.A. for the third quarter ended 30 September 2017
2017 CONSOLIDATED INTERIM REPORT OF THE CAPITAL GROUP OF BANK BGŻ BNP PARIBAS S.A. for the third quarter ended 30 September 2017 TABLE OF CONTENTS SELECTED FINANCIAL INFORMATION... 4 I INTERIM CONDENSED
More informationALIOR BANK S.A. Q results presentation
ALIOR BANK S.A. Q1 2015 results presentation May 15, 2015 1 HIGHLIGHTS Continuous and profitable growth Strong earnings growth in Q1 15 PLN 91m net income (+34% YoY) PLN 85m net income ex-meritum (+25%
More information3Q 2010 Results ČSOB Group
3Q Results ČSOB Group Czech Republic The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States of America. The materials do not constitute
More informationInterim Abbreviated Consolidated Financial Statements of the Group of BNP Paribas Bank Polska Spółka Akcyjna for Quarter 1 of 2011
Interim Abbreviated Consolidated Financial Statements of the Group of BNP Paribas Bank Polska Spółka Akcyjna for Quarter 1 of 2011 Table of Contents 1. Financial Highlights 3 2. Consolidated Financial
More informationINTERIM CONSOLIDATED REPORT OF THE CAPITAL GROUP OF BANK BGŻ BNP PARIBAS S.A. for the first quarter ended 31 March 2016
INTERIM CONSOLIDATED REPORT OF THE CAPITAL GROUP OF BANK BGŻ BNP PARIBAS S.A. for the first quarter ended 31 March 2016 Table of contents: SELECTED FINANCIAL DATA AND RATIOS... 4 I INTERIM CONDENSED CONSOLIDATED
More informationBANK PEKAO S.A. GROUP
BANK PEKAO S.A. GROUP Financial results after 4Q 2005 Strong results, positive outlook Warsaw, 21 February, 2006 DISCLAIMER Forward looking statements This presentation contains certain forward-looking
More informationFINANCIAL RESULTS IN FIRST HALF 2002 PRESENTATION FOR INVESTORS AND ANALYSTS
FINANCIAL RESULTS IN FIRST HALF 2002 PRESENTATION FOR INVESTORS AND ANALYSTS London, August 6th, 2002 2 Financial results in IH 2002 IH 2001 IH 2002 Change Operating income (PLN mil.) Net income (PLN mil.)
More informationFINANCIAL RESULTS 3Q 2016 Solid results towards full year plan delivery
FINANCIAL RESULTS 3Q 2016 Solid results towards full year plan delivery Warsaw, 10.11.2016 Disclaimer This presentation (the Presentation ) has been prepared by Bank Polska Kasa Opieki Spółka Akcyjna (
More informationGetin Holding Group's
Tytuł testowy Getin Holding Group's Financial Results H1 2012 Warsaw, 30 th August 2012 Getin Holding Group Q2 2012 most important events in a nutshell Net profit of PLN 0,5 billion and completed TU Europa
More informationSELECTED FINANCIAL DATA
SELECTED FINANCIAL DATA Selected financial data relating to the consolidated financial statement of Toya Group in Wrocław w tys. PLN w tys. EUR period from 1.01.2014 to 31.12.2014 period from 1.01.2013
More information2017 CONSOLIDATED INTERIM REPORT OF THE CAPITAL GROUP OF BANK BGŻ BNP PARIBAS S.A. for the first quarter ended 31 March 2017
2017 CONSOLIDATED INTERIM REPORT OF THE CAPITAL GROUP OF BANK BGŻ BNP PARIBAS S.A. for the first quarter ended 31 March 2017 TABLE OF CONTENTS SELECTED FINANCIAL DATA... 4 I INTERIM CONDENSED CONSOLIDATED
More information31 January 2017 POLAND. January December 2017
31 January 2017 POLAND January December 2017 Disclaimer Banco Santander, S.A. ("Santander") and Banco Bank Zachodni WBK, S.A. ( BZ WBK ) caution that this presentation contains statements that constitute
More informationBANK PEKAO S.A. GENERAL PICTURE
BANK PEKAO S.A. GENERAL PICTURE Disclaimer This presentation (the Presentation ) has been prepared by Bank Polska Kasa Opieki Spółka Akcyjna ( Bank ) for the clients, shareholders and financial analysts.
More information3Q 2009 Results ČSOB Group
3Q Results ČSOB Group Czech Republic EU IFRS Unaudited Consolidated 13 November, Prague Contents Highlights Financial Situation Business Development Appendix Highlights ČSOB Group Results 3Q Highlights
More informationBank BPH 1Q 2015 Earnings
Bank BPH 1Q 2015 Earnings Webcast 1 Overview of 1Q 2015 Profitability Net income of PLN 12 MM and pre-tax income of PLN 22 MM Performance Retail loans and commercial limits granted of PLN 1.6 B good sale
More informationBank Millennium Group
Bank Millennium Group 2008 Results and New Strategy Millennium 2010 Presentation for Bank Millennium s General Meeting of Shareholders 27 March 2009 1 Disclaimer The matters discussed in this presentation
More informationK2 INTERNET S.A. Capital Group
The following report presents financial data only. The full and binding version is available in Polish. K2 INTERNET S.A. Capital Group Annual Consolidated Financial Statement of K2 Internet S.A. Capital
More informationFULL YEAR 2006 RESULTS FEBRUARY 8, 2006
FULL YEAR 26 RESULTS FEBRUARY 8, 26 Cautionary Statement Regarding Forward-Looking Information PAGE 2 This presentation may contain projections or other forward looking statements related to EFG Eurobank
More information17th Annual Banking & Insurance CEO Conference Sławomir S. Sikora CEO. London, September 2012
17th Annual Banking & Insurance CEO Conference 2012 Sławomir S. Sikora CEO London, 24-25 September 2012 Executive summary Poland: the biggest and most stable economy in the region (nominal 2011 GDP: PLN
More information2Q 2012 consolidated financial results. August 2012
BANK HANDLOWY W WARSZAWIE S.A. 2Q 2012 consolidated financial results August 2012 Another quarter of solid net profit NET PROFIT ROE 14.8% 1.1 p.p. QoQ 1.9 p.p. YoY /PLN MM/ 151.4 10 +52% -5% 243.6 230.8
More informationFinancial Results for IQ 2005
Meeting Expectations Warsaw, 4 May 25 Page 1 Executive summary Macroeconomic situation Financial results for Appendices Business development Detailed financial data Page 2 Highlights Starting from I Q
More informationFinancial Results of the PKO Bank Polski SA Group for 1Q 2014 PKO Bank Polski. The Best Every Day
Financial Results of the PKO Bank Polski SA Group for Q 204 PKO Bank Polski. The Best Every Day Warsaw, 5 May 204 Executive summary In the first quarter of 204, PKO Bank Polski has focused on stable growth
More informationAlior Bank S.A. Q RESULTS PRESENTATION. November 8 th 2018
Alior Bank S.A. Q3 2018 RESULTS PRESENTATION November 8 th 2018 Agenda Key highlights Digital Disruptor strategy implementation Operational performance 2018 guidance Appendix 2 Key highlights 1/2 Record
More information2011 FINANCIAL RESULTS. Double digit profit growth, exceptionally well positioned for 2012
2011 FINANCIAL RESULTS Double digit profit growth, exceptionally well positioned for 2012 Warsaw, March 20th, 2012 DISCLAIMER This presentation (the Presentation ) has been prepared by Bank Polska Kasa
More informationFinancial results Bank 3.1
Financial results 2017 Bank 3.1 1 Main achievements in 4Q and 2017 Net profit: PLN 3.1 bn Regulatory ability to distribute dividends Double-digit growth of NII and F&C Assets: ca PLN 300 bn The best mobile
More informationJyske Bank. Navigating the Nordics Seminar 31 May 2017
Jyske Bank Navigating the Nordics Seminar 31 May 217 Our targets Q1 217 Delivering an attractive long-term return on equity of 8-12% 12.3% Volume growth DKK 1bn in housing-related loans DKK 84.3bn DKK
More informationBank BPH 1Q 2016 Earnings
Bank BPH 1Q 2016 Earnings Webcast 1 Overview of 1Q 2016 In PLN Sale process Agreed and signed the Demerger Plan moving into regulatory approval process Profitability Significant adjustments booked to P&L
More information1Q 2008 Results ČSOB Group
1Q 2008 Results ČSOB Group Czech Republic IFRS Unaudited Consolidated 15 May 2008, Prague Contents Highlights Financial Results Business Results Quality of Credit Portfolio Other Information 1Q Highlights
More informationIdea Bank S.A. Group Results Q3 2016
Idea Bank S.A. Group Results Q3 2016 Presentation of the Management Board for Investors October 20, 2016 Q3 2016 Fact Sheet In 3Q 2016 net profit from continued operations amounted to PLN 51.7m. 3Q2016
More informationFY 2018 IFRS Results
FY 2018 IFRS Results Highlights for FY 2018 Net Income increased by 21% y-o-y and reached RUB 9.0 bn for FY 2018, the all-time best result Cost-of-Risk 194 bp for FY 2018, ahead of guidance Core business
More informationMANAGEMENT BOARD S REPORT ON THE ACIVITIES OF THE BANK GOSPODARKI ŻYWNOŚCIOWEJ S.A. FOR 2011
MANAGEMENT BOARD S REPORT ON THE ACIVITIES OF THE BANK GOSPODARKI ŻYWNOŚCIOWEJ S.A. FOR 2011 Warsaw, 5 March 2012 SPIS TREŚCI 1. EXTERNAL CONDITIONS FOR THE FUNCTIONING OF THE BGŻ S.A. BANK 3 1.1. MACROECONOMIC
More informationBank Millennium Group
Bank Millennium Group 2015 results Bank on Quality No 1 in Poland Disclaimer This presentation (the Presentation ) has been prepared by Bank Millennium S.A. (the Bank ). This Presentation should not be
More informationBANK HANDLOWY W WARSZAWIE S.A. 3Q 2008 consolidated financial results -1-
BANK HANDLOWY W WARSZAWIE S.A. 3Q 2008 consolidated financial results -1- Sound net income growth as compared to 3Q 2007 /PLN MM/ 250 21% 200 150 100 50 179 216 0 3Q07 3Q08-2- P&L lines impact on net income
More information8. Corporates and Financial Markets
8. Corporates and Financial Markets The Corporates and Financial Markets segment serves 17,787 corporate clients including large enterprises (K1 - annual sales exceeding PLN 500 million), mid-sized enterprises
More information3Q 2013 consolidated financial results. November 7, 2013
BANK HANDLOWY W WARSZAWIE S.A. 3Q 2013 consolidated financial results November 7, 2013 3Q 2013 in Citi Handlowy summary Gains on sale of AFS FX & trading 86 1 85 2011: PLN 333 MM -17% YoY Financial Markets
More informationInvestor presentation. Result
Investor presentation Result 2010 Highlights Income Stable earnings from a diversified platform Provisions for credit losses Net credit losses back to pre-crisis levels Strategic alignment Strategic alignment
More informationBANK ZACHODNI WBK GROUP 1-3Q 2017 RESULTS 26TH OCTOBER 2017
BANK ZACHODNI WBK GROUP 1-3Q 2017 RESULTS 26TH OCTOBER 2017 Bank Zachodni WBK S.A. ("BZ WBK") cautions that this presentation contains forward-looking statements. These forward-looking statements are found
More informationEugene Sheehy. Group Chief Executive
1 Eugene Sheehy Group Chief Executive Forward looking statements A number of statements we will be making in our presentation and in the accompanying slides will not be based on historical fact, but will
More informationBank Handlowy w Warszawie S.A. 2Q 2014 consolidated financial results
Bank Handlowy w Warszawie S.A. 2Q 2014 consolidated financial results August 1, 2014 Preliminary financial results of the Capital Group of Bank Handlowy w Warszawie S.A. for 2Q 2014 Summary of 2Q 2014
More informationInterim Financial Statements of Nordea Bank Polska S.A. for 2nd Quarter of 2008
Interim Financial Statements of Nordea Bank Polska S.A. 2 nd quarter of 2008 1 Financial Statements of Nordea Bank Polska S.A. Table of contents: Title Str. I. SELECTED FINANCIAL DATA... 4 II. PROFIT AND
More information